Four-Unit Multifamily
New
For Sale
$679,000
332 Louisiana St, Vallejo, CA 94590
A balanced mix of two-bedroom and efficiency apartments is paired with off-street parking.
Property Size2,840 SF
Days on Market4
Property Features for 332 Louisiana St
General Information
Standard status
Active
Size
2,840 SF
Total Parking Spaces
4
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
2,840 SF
Year Built
1986
Stories
2
Units
4
Listing Agency:
RE/MAX Gold
Listed By:
Kevin Reilly · License #1371289
(415) 264-8869
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 5:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Gold
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Investment Insights
Based on property information with market context.
This four-unit multifamily property, built in 1986, contains two downstairs apartments with two bedrooms and one bathroom each, plus two upstairs efficiency units with one bedroom and one bathroom each. The building has a newer roof, and the grounds include mature trees. Four off-street parking spaces are provided, two of them covered. One upstairs unit has a limited view of the Napa River.
The property is near downtown and the Highway 37 on-ramp at Wilson Avenue. Walk Score is 57, Bike Score is 44, and Transit Score is 32.
The property is near downtown and the Highway 37 on-ramp at Wilson Avenue. Walk Score is 57, Bike Score is 44, and Transit Score is 32.
Key Highlights
- Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath efficiency units
- Built in 1986
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,233
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,660
$1.1M
Cap Rate 7%
$789,043
$789.0K
Cap Rate 9%
$613,700
$613.7K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$83.5K $29.40/SF
− Vacancy
−$4.6K −$1.62/SF
EGI
$78.9K $27.78/SF
− OpEx
−$23.7K −$8.33/SF
NOI
$55.2K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,660
Cap Rate 7%
$789,043
Cap Rate 9%
$613,700
Alternative Uses
Best Use
Multifamily LT 5
$789.0K
$690.4K – $920.6K
NOI $55,233 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$708.7K
$620.1K – $826.8K
NOI $49,607 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,753 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A balanced mix of two-bedroom and efficiency apartments is paired with off-street parking.
Where is this quadplex located?
The property is located at 332 Louisiana St Vallejo, CA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath efficiency units; Built in 1986; New roof
